Ethereum crosses $4,000 – How long before a new ATH?

This achievement not only marks the reclamation of the $4,000 zone by ETH but also signifies that the king of altcoins might achieve a new all-time high.price trend on a daily timeframe showed that, at the time of this writing, it had surged past the $4,000 mark, having risen byGoing back in history, the last time ETH reached this price range was between October and December 2021, coinciding with its previous all-time high of $4,878.

Given the press time RSI, a price correction may be imminent before ETH resumes its upward trajectory toward a new all-time high.AMBCrypto’s look at the Total Supply in Profit via Santiment showed that, at press time, the indicator was over 128 million, accounting forAfter a decline in 2022, when the majority of the supply was held at a loss, this recent shift signified a significant positive turn in the market sentiment.

This surge in derivatives indicated positive sentiment among traders, reflecting increased confidence in Ethereum’s potential to surpass its current price level.Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations.

Source: Digital Coin News (digitalcoinnews.net)

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